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Single IFA faces FCA restrictions after no less than 14 upheld Ombudsman complaints regarding high-risk investments into SIPPs


Kingswood Financial Advisors, a Mid Glamorgan based financial advice firm has had restrictions imposed by the Financial Conduct Authority that mean it can no longer transfer people’s pensions into SIPPs with Non-Standard Investments. The FCA notes say that the firm must not “carry out any regulated activities in relation pension switches and/or pension transfers to … Continued

Carbon Credits Investment

High Court bans 3 directors of Carbon Credits Scheme


A total of 44 years worth of ban has been handed to the three former directors of Worldwide Commodity Partners Limited – a Carbon Credits investment scheme that was wound up back in may 2014. The Official Receiver of the Public Interest Unit decided that Lee John Thompson, Andrew Micheal Spiteri and Stephen Michael Leary … Continued

New Ethical Forestry letter: Investment limbo and HURRICANE worries cast further doubt over investor’s money


A new letter dated 28th November from Ethical Forestry liquidators HJS Recovery has told investors that they are still no closer to reaching a solution. Shane Biddlecombe, Joint Liquidator over the troubled and unregulated forestry scheme explained yet another lengthy gap in correspondence with investors, stating that he did not have “anything of any substance … Continued

Premier Children Services Investment enters administration: What we know so far


If you’ve invested your cash or pension into Premier Children’s Services (often called PCS) and you haven’t yet heard the news, you might want to sit down (if you’re not already). On the 15th of November 2016, the board of Premier Children’s Services met to discuss the best options to deal with the “financial difficulties” … Continued

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